Encore Cements merged with ACC

Encore Cement and Additives Private Limited, a wholly owned subsidiary of ACC Limited, has been amalgamated with the company. This company has a slag grinding unit in Vishakhapatnam, Andhra Pradesh.
Consequently, this unit, now renamed as the Vizag Cement Works, would be the 18th cement plant in the ACC network.
In January 2010, ACC had acquired a 100 per cent stake in the equity of Encore Cements & Additives which then became a wholly owned subsidiary of ACC. The acquisition had helped ACC build its presence in Andhra Pradesh and in the coastal part of the neighbouring Orissa.
It is expected that the amalgamation of Encore Cements & Additives Private Limited into ACC Limited would enable ACC to utilise the resources of its former subsidiary to augment its cement business and to bring down the cost of overheads and other common expenses.
ACC’s Vizag Cement Works manufactures portland slag cement and coastal + cement, a superior variety of environment-friendly portland cement that is suitable to withstand the corrosive impact on concrete of coastal climate conditions.

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